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by jeroenhd 171 days ago
Europe is struggling with an energy crisis because of its sanctions against Russia. I'm sure those Iranian and Venezuelan oil fields willook awfully enticing after the Americans break down more and more American-European trade ties. Who knows, maybe a sizable oil investment might convince the Iranians to stop contributing to the Ukrainian invasion.
1 comments
azalemeth 171 days ago
This just isn't really true any more. The Scandinavian countries have become net green energy exporters including over winter (lots of wind power and biogas in municipal heating networks) and the block as a whole is banning Russian gas imports from next year. (https://www.europarl.europa.eu/news/en/press-room/20251211IP...)

The price per kWh has dropped sharply in recent years compared to the invasion peak, though they are about double what they were before COVID (not inflation adjusted) - see https://skilky-skilky.info/wp-content/uploads/2025/06/Househ.... It's the UK that's up the shitter but that's far from uncommon....

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ViewTrick1002 170 days ago
Most of the price increase is coming from the ETS-system, or more well known as carbon trading.

https://en.wikipedia.org/wiki/European_Union_Emissions_Tradi...

Europe is an energy poor continent and the only method for long term industrial competitiveness are through renewables removing the for fossil fuels.

With renewables we’ve lowered the bottom of energy prices and with ETS we’ve raised the top end. Leading to maximum volatility as things shake out.

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jeroenhd 170 days ago
Scandinavian electricity won't fire my gas-based boiler, not will it light my stove.

Power in general is doing just fine (though the oil countries are doing another squeeze to drive up the price again), but specific power sources quite a few European countries are currently relying on like natural gas are still hard to come by. Prices did drop after this summer, but are still higher than the standard rate before the Russian invasion.

I'd love to go all-electric, but the chances of being able to afford a place of my own before the end of the Trump presidency are slimmer than the probability that my government gets its electrical network in order (current estimation: 2035).

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